Rays finalize deal for new Tampa stadium opening in 2029

2 sources1 min read • Latest: Aug 28, 2026, 7:21 PM

Last updated Aug 28, 2026

Rays finalize deal for new Tampa stadium opening in 2029
Summary

The Tampa Bay Rays secured a deal for a new $2.3 billion stadium to replace Tropicana Field, with plans to open for the 2029 season. Hillsborough County commissioners approved a funding package of nearly $800 million, while Tampa provides about $80 million. The Rays will pay $4 million annually in rent over a 35-year lease, as the county retains ownership of the stadium. This marks the culmination of over a decade of discussions regarding a new ballpark. The Rays will temporarily play at a minor league facility in 2025 due to Hurricane Milton damage at Tropicana Field.

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Market Watch
  • Rays plan to open new stadium for the 2029 season
  • Total project cost is $2.3 billion
  • County contributes nearly $800 million in funding
  • Rays to pay $4 million in annual rent
  • Temporary relocation to minor league facility in 2025
Latest Updates
  • 7:21 PMCBS MLBRays reach deal for new stadium in Tampa with eyes on opening for 2029 season
What they're saying
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The new ballpark will replace Tropicana Field, which has been the Rays' home stadium since their 1998 debut

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